PRGN is releasing its earnings tomorrow. I’ve held this thing since before it’s last earnings which were great and sent the stock soaring higher. What the earnings will be this quarter is not something that I am aware of, I do however think the price will rise into the close.
On the note of PRGN … Anyone reading this own the stock? For some reason every single shipper known to the markets has been bought and discussed in The PPT but for some reason I’ve never seen even a mention of anyone but myself owning this stock.
The position is large relative to my portfolio. As of now I’m considering selling 75% at the close or just before tomorrow and letting the remaining shares ride. I’m current in @ ACB of $4.30, it closed today @ HOD $4.88.
I’ve got stuff to do, have a good night.
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I was going to add on Friday, but because the entire shipping industry has been getting shellacked via awful revs, I decided to take up JASO instead.
We shall see!
That may be a very good call. They release earnings on Wednesday if I am correct along with SOL.
I do know that PRGN has all its fleet booked for a year or so. I’d like to keep this long term but… Had I sold at the peak of the last earnings I could of re-bought at 50% cheaper a month later… I will most likely sell the majority as I mentioned as you never go broke taking big profits.
We shall see indeed!
Ouch!!!!!!!!!!! Didn’t see this coming.
Sold ~60% before the close @ $4.60 and the remaining 40% @ $4.87 in after-hours.